SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

[X]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15 (d)  OF  THE  SECURITIES
     EXCHANGE ACT OF 1934


                For the quarterly period ended September 30, 1996

                                       OR

[ ]  TRANSITION  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934

         For the transition period from ______________ to _____________

                         Commission File Number: 1-7675

                        AUDITS & SURVEYS WORLDWIDE, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


              Delaware                                  13-1809586
              --------                                  ----------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

650 Avenue Of The Americas, New York, NY                  10011
----------------------------------------                  -----
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code: (212) 627-9700
                                                    ----------------

           Indicate  by check  mark  whether  the  registrant  (1) has filed all
reports  required to be filed by Section 13 or 15(d) of the Securities  Exchange
Act of 1934 during the preceding 12 months (or for such shorter  period that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

            Yes     X              No 
                  -----                  -----

           The number of shares  outstanding of each of the issuer's  classes of
common stock, as of May 10, 1996 was:

              CLASS                                   NUMBER OF SHARES
              -----                                   ----------------
Common Stock, $0.01 par value                              13,099,103


<PAGE>



                        AUDITS & SURVEYS WORLDWIDE, INC.


                                      INDEX



                                                                            PAGE

PART I.        FINANCIAL INFORMATION

Item 1.        Financial Statements.

               Condensed Consolidated Balance Sheets-
                  September 30, 1996 and December 31, 1995                   3-4

               Condensed Consolidated Statements of Income-
                  Three and Nine Months ended September 30, 1996 and 1995     5

               Condensed Consolidated Statements of Cash Flows-
                  Nine Months ended September 30, 1996 and 1995               6

               Condensed Consolidated Statement of Stockholders' Equity-
                  September 30, 1996                                          7

               Notes to Condensed Consolidated Financial Statements           8

Item 2.        Management's Discussion and Analysis of Financial Condition
               and Results of Operations.                                   9-10


PART II.       OTHER INFORMATION

Item 6.        Exhibits and Reports on Form 8-K.                             11

               Signatures                                                    12



                                       -2-

<PAGE>



PART I.  FINANCIAL INFORMATION
ITEM 1.     FINANCIAL STATEMENTS

AUDITS & SURVEYS WORLDWIDE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
================================================================================
(Dollar amounts in thousands)


                                                 SEPT. 30, 1996  DEC. 31,1995
                                                     -------       -------
                                                   (Unaudited)
ASSETS

CURRENT ASSETS:
        Cash                                         $ 2,093       $   936
        Accounts receivable:
            Billed                                     5,876         8,687
            Unbilled                                   4,289         2,366
        Prepaid expenses and inventories               1,587         1,320
        Other current assets                             417           606
        Net assets held for sale                         300           983
                                                     -------       -------

            Total current assets                      14,562        14,898

PROPERTY AND EQUIPMENT, NET                            3,005         3,127

RECEIVABLE FROM SALE OF ASSETS                           500           500
PREPAID PENSION COSTS                                    943           943
DEFERRED INCOME TAX ASSET                              3,363         3,398
OTHER ASSETS                                           1,717         2,021
                                                     -------       -------

TOTAL ASSETS                                         $24,090       $24,887
                                                     =======       =======



                       See notes to condensed consolidated
                             financial statements.



                                       -3-

<PAGE>



AUDITS & SURVEYS WORLDWIDE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
================================================================================
(Dollar amounts in thousands)
<TABLE>
<CAPTION>
                                                              SEPT. 30, 1996  DEC. 31,1995
                                                              --------------  ------------
                                                                (Unaudited)
<S>                                                                 <C>        <C>     
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
        Short-term bank debt                                        $   --     $  1,200
        Accounts payable and accrued expenses                          4,109      4,877
        Accrued payroll and bonuses                                    2,298      1,917
        Customer billings in excess of revenues earned                 3,266      4,282
        Income taxes payable                                             829       --
        Current portion of long-term debt                                554        658
        Current portion of capital lease obligations                      91         75
                                                                    --------   --------

            Total current liabilities                                 11,147     13,009

LONG-TERM DEBT-Net of current portion                                  2,083      2,647
CAPITAL LEASE OBLIGATIONS - Net of current portion                       171        222
DEFERRED INCOME TAX LIABILITY                                            405        405
OTHER LIABILITIES                                                      1,835      1,977
                                                                    --------   --------

            Total liabilities                                         15,641     18,260
                                                                    --------   --------

COMMITMENTS AND CONTINGENCIES                                           --         --

STOCKHOLDERS' EQUITY:
        Preferred stock, $1.00 par value, 1,000,000 shares
           authorized and unissued                                      --         --
        Common stock, $.01 par value, 30,000,000 shares
           authorized; 13,099,103 shares issued at Sept. 30, 1996
           and 13,094,755 shares issued at Dec. 31, 1995                 131        131
        Additional paid-in capital                                     4,369      4,486
        Retained earnings                                              3,918      2,014
        Cumulative foreign currency translation adjustment                31         (4)
                                                                    --------   --------

        Total stockholders' equity                                     8,449      6,627
                                                                    --------   --------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                          $ 24,090   $ 24,887
                                                                    ========   ========
</TABLE>
                       See notes to condensed consolidated
                             financial statements.

                                       -4-

<PAGE>



AUDITS & SURVEYS WORLDWIDE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) 
================================================================================
(Dollar amounts in thousands except for per share data)

<TABLE>
<CAPTION>
                                             THREE MONTHS ENDED               NINE MONTHS ENDED
                                                SEPTEMBER 30,                   SEPTEMBER 30,
                                        ----------------------------    ----------------------------

                                            1996            1995             1996           1995
                                        ------------    ------------    ------------    ------------

<S>                                     <C>             <C>             <C>             <C>         
REVENUES                                $     14,697    $     12,783    $     44,997    $     40,615
                                        ------------    ------------    ------------    ------------

COSTS AND EXPENSES:
        Direct costs                           6,643           6,670          21,091          20,623
        Selling, general and
           administrative expenses             6,447           6,348          18,778          18,073
        Incentive bonuses                        514             450           1,727           1,199
        Interest expense                          68             121             245             285
        Other expenses (income) - net            (88)            119            (314)           (188)
                                        ------------    ------------    ------------    ------------

TOTAL COSTS AND EXPENSES                      13,584          13,708          41,527          39,992
                                        ------------    ------------    ------------    ------------

INCOME (LOSS) BEFORE
    PROVISION (CREDIT)
    FOR INCOME TAXES                           1,113            (925)          3,470             623

PROVISION (CREDIT) FOR
    INCOME TAXES                                 501            (435)          1,566             255
                                        ------------    ------------    ------------    ------------

NET INCOME (LOSS)                       $        612    $       (490)   $      1,904    $        368
                                        ------------    ------------    ------------    ------------

NET INCOME (LOSS) PER SHARE             $        .05    $       (.04)   $        .15    $        .03
                                        ============    ============    ============    ============

WEIGHTED AVERAGE NUMBER
    OF  COMMON SHARES
    OUTSTANDING                           13,099,103      13,094,755      13,099,103      12,298,517
                                        ============    ============    ============    ============
</TABLE>



                       See notes to condensed consolidated
                             financial statements.

                                       -5-

<PAGE>

AUDITS & SURVEYS WORLDWIDE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
================================================================================
(Dollar amounts in thousands)
<TABLE>
<CAPTION>
                                                                                     NINE  MONTHS  ENDED
                                                                                       SEPTEMBER  30,
                                                                                     ------------------
                                                                                       1996       1995
                                                                                     -------    -------
<S>                                                                                  <C>        <C>    
CASH FLOW FROM OPERATING ACTIVITIES:
        Net income                                                                   $ 1,904    $   368
        Adjustments to reconcile net income to net cash provided by
         (used in) operating activities:
            Depreciation and amortization                                                541        406
            Deferred income taxes                                                         68       (163)
            Amortization of deferred charges                                              19         60
            Accrued rent                                                                 (13)       167
            Changes in operating assets and liabilities:
               Accounts receivable                                                       888     (1,097)
               Prepaid expenses and inventories                                         (267)        72
               Other current assets                                                     (143)       (75)
               Other assets                                                              275       (627)
               Income taxes payable                                                    1,128       (998)
               Accounts payable and accrued expenses                                    (767)       363
               Accrued payroll and bonuses                                               381     (1,723)
               Customer billings in excess of revenues earned                         (1,016)      (598)
               Net assets held for sale                                                   32        (96)
               Other                                                                    (121)        28
                                                                                     -------    -------
                               Net cash provided by (used in) operating activities     2,909     (3,913)
                                                                                     -------    -------

CASH FLOWS FROM INVESTING ACTIVITIES:
        Purchases of property and equipment                                             (418)      (589)
        Payment of merger costs                                                         (124)      (191)
        Proceeds from sale of assets                                                     650       --
        Cash received from Triangle merger                                              --        1,090
                                                                                     -------    -------
                               Net cash provided by investing activities                 108        310
                                                                                     -------    -------

CASH FLOWS FROM FINANCING ACTIVITIES:
        Proceeds from bank borrowings                                                  1,931      3,700
        Principal payments of notes payable to officers/stockholders                    --         (984)
        Principal payments of debt                                                    (3,799)      (211)
        Principal payments of capital lease obligations                                  (35)      (121)
        Issuance of common stock                                                           7       --
                                                                                     -------    -------
                               Net cash (used in) provided by financing activities    (1,896)     2,384
                                                                                     -------    -------

EFFECT OF EXCHANGE RATE DIFFERENCES ON CASH                                               36         39
                                                                                     -------    -------

NET INCREASE (DECREASE) IN CASH                                                        1,157     (1,180)

CASH, BEGINNING OF PERIOD                                                                936        754
                                                                                     -------    -------

CASH (CASH OVERDRAFT),  END OF PERIOD                                                $ 2,093    $  (426)
                                                                                     -------    -------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
        Cash paid during the period for:            Interest                         $   319    $   204
                                                                                     -------    -------

                                                    Income taxes                     $   366    $ 1,335
                                                                                     -------    -------
</TABLE>

                       See notes to condensed consolidated
                             financial statements.

                                       -6-
<PAGE>



AUDITS & SURVEYS WORLDWIDE, INC.
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED)
================================================================================
(Dollar amounts in thousands)

<TABLE>
<CAPTION>
                                                                                         CUMULATIVE
                                                                                          FOREIGN
                                                            ADDITIONAL                    CURRENCY
                                 COMMON          STOCK       PAID-IN        RETAINED    TRANSLATION
                                 SHARES         AMOUNT       CAPITAL        EARNINGS     ADJUSTMENT       TOTAL
                                 ------         ------       -------        --------     ----------       -----
<S>                           <C>           <C>            <C>           <C>           <C>            <C>        
BALANCE
DECEMBER 31, 1995             13,094,755    $       131    $     4,486   $     2,014   $        (4)   $     6,627

    Net income                                                                 1,904                        1,904

    Employee stock bonus           4,348                             7                                          7

    Revaluation of assets
    acquired in merger                                            (124)                                      (124)

    Foreign Currency
    Translation Adjustment                                                                      35             35
                              -----------------------------------------------------------------------------------
BALANCE
SEPTEMBER 30, 1996            13,099,103    $       131    $     4,369   $     3,918   $        31    $     8,449
                              -----------------------------------------------------------------------------------
</TABLE>

                       See notes to condensed consolidated
                             financial statements.



                                       -7-

<PAGE>



                        AUDITS & SURVEYS WORLDWIDE, INC.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.         BASIS OF PRESENTATION

The  accompanying   condensed  consolidated  financial  statements  include  the
accounts of Audits & Surveys  Worldwide,  Inc. (the  "Company") and its majority
owned  subsidiary,  Audits & Surveys Europe,  Ltd. All significant  intercompany
transactions and balances have been eliminated.

On March 24, 1995,  Audits & Surveys,  Inc.  (A&S) and The Triangle  Corporation
("Triangle") consummated a merger pursuant to which A&S was merged with and into
Triangle.  Triangle was the surviving  corporation and the separate existence of
A&S ceased.  The name of the merged corporation was changed to "Audits & Surveys
Worldwide, Inc."

The 1996 and 1995 condensed consolidated financial statements have been prepared
by the Company and are unaudited. In the opinion of the Company's management all
adjustments  (consisting  only of normal  recurring  adjustments)  necessary  to
present fairly the financial position,  results of operations and cash flows for
the interim periods have been made. Certain information and footnote disclosures
required under generally accepted  accounting  principles have been condensed or
omitted from the  consolidated  financial  statements  pursuant to the rules and
regulations   of  the  Securities   and  Exchange   Commission.   The  condensed
consolidated financial statements presented herein should be read in conjunction
with the year-end  consolidated  financial statements and notes thereto included
in the  Company's  Annual  Report on Form 10-K for the year ended  December  31,
1995. The results of operations for the three-month and nine-month periods ended
September 30, 1996 are not necessarily  indicative of the results to be expected
for any other interim period or for the entire year.

2.         REFINANCING OF BANK DEBT

On June 5, 1996 the Company  refinanced an existing term loan and its $5,000,000
short-term  credit  facility  into a new  $2,610,000  term loan and a $2,500,000
secured  line of  credit.  The new term loan is  repayable  in twenty  quarterly
installments of $130,500 which began on June 30,1996. The term loan and the line
of credit contain customary  affirmative and negative covenants  including those
requiring the Company to maintain  certain  financial ratios and restricting the
annual  payment  of cash  dividends  to an  amount  not in  excess of 50% of the
previous year's net income.

3.         NEW ACCOUNTING STANDARD
In October 1995, the Financial  Accounting  Standards Board issued  Statement of
Financial  Accounting  Standards  (SFAS) No. 123,  "Accounting  for  Stock-Based
Compensation," which became effective for the Company beginning January 1, 1996.
SFAS  No.  123  requires  expanded   disclosures  of  stock-based   compensation
arrangements  with employees and encourages (but does not require)  compensation
cost to be measured  based on the fair value of the equity  instrument  awarded.
Companies are permitted, however, to continue to apply APB Opinion No. 25, which
recognized  compensation  cost  based  on the  intrinsic  value  of  the  equity
instrument awarded. The Company will continue to apply APB Opinion No. 25 to its
stock-based  compensation awards to employees and will disclose the required pro
forma effect on net income and  earnings per share in the 1996 annual  financial
statements.

                                       -8-

<PAGE>



ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
           RESULTS OF OPERATIONS.

COMPARISON  OF THE RESULTS OF OPERATIONS  FOR THE THIRD  QUARTER AND  NINE-MONTH
PERIODS ENDED  SEPTEMBER 30, 1996 WITH THE THIRD QUARTER AND NINE-MONTH  PERIODS
ENDED SEPTEMBER 30, 1995

Revenues for the third  quarter of 1996  increased  $1.9 million  (15%) to $14.7
million  compared with $12.8 million in the third quarter of 1995.  Revenues for
the first  nine  months of 1996  increased  $4.4  million  (11%) to $45  million
compared with $40.6 million in the first nine months of 1995.  The net increases
in revenues were principally  attributable to higher revenues from international
consumer  tracking  studies and several  custom and  syndicated  audit  research
services.

Direct costs in the third quarters of 1996 and 1995 were  approximately the same
and were $.5 million (2%) higher in the first nine months of 1996  compared with
1995,  primarily as a result of the  increases in revenues.  As a percentage  of
revenues,  direct costs were 45% in the third  quarter and 47% in the first nine
months of 1996 compared with 52% and 51%,  respectively,  in the same periods of
1995.  The decreases in direct costs as a percentage of revenues  represented an
improvement in the profitability of the overall mix of revenues in 1996 compared
with the same periods of 1995. Direct costs also include expenses related to the
development of new research services and such development expenses were lower in
the third quarter and nine month periods of 1996 than in the comparable  periods
of 1995.

Selling,  general and administrative  (SG&A) expenses increased $.1 million (2%)
in the third  quarter  and $.7  million  (4%) in the first nine  months of 1996.
Approximately 75% of the SG&A increases in the nine month period were in payroll
and related  costs and resulted from the addition of personnel as well as normal
salary  adjustments.  The remainder of the increases in SG&A expenses was spread
over various expenses such as rent, utilities, depreciation and computer costs.

The provision for incentive  bonuses was marginally  higher in the third quarter
and $.5 million  higher in the first nine months of 1996  compared with the same
periods  of  1995.  The  higher  provisions   resulted  from  the  increases  in
year-to-date operating income on which the incentive bonuses are calculated.

Income taxes for the third quarter of 1996 have been  provided at  approximately
45% of reported  pretax income compared with a credit for income taxes of 47% of
the pretax loss in the third  quarter of 1995.  Income  taxes for the nine month
period of 1996 have been provided at approximately  45% compared with 41% in the
nine month period of 1995.  The interim tax provisions are based on estimates of
the effective tax rate anticipated for the full year.


                                       -9-

<PAGE>



FINANCIAL CONDITION AND LIQUIDITY

At  September  30, 1996,  the Company had working  capital of $3.4 million and a
current ratio of 1.30 to 1 compared  with working  capital of $1.9 million and a
current ratio of 1.15 to 1 at December 31, 1995.

Cash flow from  operations and borrowings  under its credit  facilities with its
bank are the Company's  principal  sources of funds. The Company's cash flow and
borrowings  have  historically  been  sufficient  to provide  funds for  working
capital,  capital expenditures and payment of indebtedness.  On June 5, 1996 the
Company  refinanced an existing term loan and its $5,000,000  short-term  credit
facility  into a new  $2,610,000  term  loan and a  $2,500,000  secured  line of
credit.  The new term loan is  repayable  in twenty  quarterly  installments  of
$130,500  which  began on June 30,  1996.  The term  loan and the line of credit
contain customary  affirmative and negative covenants  including those requiring
the Company to maintain  certain  financial  ratios and  restricting  the annual
payment of cash  dividends  to an amount  not in excess of 50% of the  preceding
year's net income.

Net cash provided by operating  activities was $2,909,000,  consisting primarily
of net income of $1,904,000 plus non-cash expenses of $615,000, and decreases in
accounts  receivable  of  $888,000  and  increases  in income  taxes  payable of
$1,128,000  offset  primarily by  decreases in accounts  payable of $767,000 and
decreases in customer billings in excess of revenue earned of $1,016,000.

Net cash provided by investing  activities was $108,000  primarily from the sale
of a portion  of  Triangle's  former  operating  assets for  $650,000  offset by
purchases of property and equipment of $418,000.

Net cash used by financing  activities  was $1,896,000  consisting  primarily of
proceeds from bank  borrowings of $1,931,000  offset by repayments of $3,799,000
of bank borrowings and other debt.

The Company believes that its recently revised credit arrangements with its bank
combined  with funds  generated by its  operations  will be adequate to fund its
planned  capital  expenditures,  meet  its  debt  obligations  and  finance  its
operations for at least the next twelve months.


                                      -10-

<PAGE>



PART II.  OTHER INFORMATION
ITEM 6.      EXHIBITS AND REPORTS ON FORM 8-K.*

a.         EXHIBITS:

           10.18      Employment  Agreement  between  the  Company and Joseph T.
                      Plummer dated August 8, 1996

           27.01      Financial Data Schedule


b.         REPORTS ON FORM 8-K:

           The  Company  has not  filed  any  reports  on Form  8-K  during  the
           quarterly period ended September 30, 1996.












------------------------
*          Except  for the Term Loan  Agreement  previously  filed,  there is no
           instrument  defining  the right of holders of  long-term  debt of the
           Company  or of any of its  subsidiaries  other  than  where the total
           amount of securities authorized thereunder does not exceed 10% of the
           total assets of the Company and its  subsidiaries  on a  consolidated
           basis.  In  accordance  with  paragraph  (b)(4)(iii)  of Item  601 of
           Regulation  S-K, the Company  agrees to furnish to the Securities and
           Exchange Commission, upon request, copies of any such instrument.


                                      -11-

<PAGE>



                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.

                                           AUDITS & SURVEYS WORLDWIDE, INC.



NOVEMBER 8, 1996                           By: /s/ H. Arthur Bellows, Jr.
----------------                              ------------------------------
Date                                            H. Arthur Bellows, Jr.
                                                President


                                           By: /s/ Alan J. Ritter
                                              ------------------------------
                                                Alan J. Ritter
                                                Senior Vice President
                                                Chief Financial Officer


                                      -12-

<PAGE>



                                  EXHIBIT INDEX




EXHIBIT NUMBER                            DESCRIPTION OF EXHIBIT


10.18                 Employment  Agreement  between  the  Company and Joseph T.
                      Plummer dated August 8, 1996

27.01                 Financial Data Schedule